Friday, July 24, 2015

John Embry and Richard Daughty

July 24, 2015

Featured Guests
John Embry and Richard Daughty
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Summary:
  • John Embry, Chief Investment Strategist at Sprott Asset Management, returns to the program with his thoughts on the precious metals sector.
  • The duo caution investors from parking too many investment portfolio eggs in paper assets, stocks / bonds given the abrupt rout in the Shanghai index
  • Conversely, the pullback in the precious metals sector is presenting a golden opportunity to procure value via dollar cost averaging.
  • Given the current mega-discounted prices, gold and silver producers are trading at a fraction of the price of their underlying metals.
  • Our guest notes the Greek nation is bankrupt, but EU economic ministers are constrained from stringent practices, because an exit could damage credibility, sending the dominos falling among other debt laden peripheral members.
  • The guest and host concur that the onus of responsibility for debt repayment falls squarely on the shoulders of the lender.
  • Nevertheless, the easy money carrot is still dangling, as the potential profits are too enticing for some to resist.
  • A mini-case study of Greece vs. Iceland involves the 2008 credit crisis.
  • Iceland emerged in far better economic shape.
  • By managing lenders and focusing on the rights of individuals, unemployment and GDP, economic order quickly revived, relative to Greece, where officials chose to ignore the Icelandic success story (Figures 1.1. - 1.3.).
  • The Icelandic tale resembles a modern economic version of David vs. Goliath.
  • Richard Daughty, AKA "The Mogambo Guru," returns to the show with comments on the impending Fed rate hikes.
  • Officials have borrowed far beyond their means, putting their constituents on the line in similar fashion as every other defunct government in economic history.
  • Not once in recorded history has any society escaped the clutches of a fiat paper system without facing severe financial consequences.
  • With nearly half of investors wealth tied to the US stock market, officials have a vested interest in holding prices artificially high.
  • The lack of transparency is becoming intense, financial opaqueness is the new standard practice.
  • The Mogambo has not ruled out divine intervention, yet he's hesitant to stake the household nest egg on it.
  • The duo compare the financial mess to the fateful last voyage of the RMS Titanic
  • Overconfidence has resulted with too few life boats for over 300 million Americans.
  • Savvy investors have learned the lesson of history, by adding precious metals investments to their portfolios, no financial iceberg is large enough to breach the portfolio hull.
  • The portability of precious metals further enhances the life preserver-like qualities.

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Chris Waltzek:
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Friday, July 17, 2015

Catherine Austin Fitts & Arch Crawford

July 17, 2015

Featured Guests
Catherine Austin Fitts & Arch Crawford
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Summary:
  • Catherine Austin Fitts, former Assistant Secretary of Housing and Federal Housing Commissioner and president of Solari, Inc., publisher of the Solari Report, returns to the show.
  • She's concerned by the crumbling US infrastructure and lack of constructive efforts to rectify the situation.
  • Whereas, China continues to pour funds into its infrastructure On a trip to China she discovered that 80% of the legislature is written by economists / engineers, while 90% of US legislation is dictated by attorneys.
  • Investment in infrastructure will determine if the bifurcated economy unites as a viable competitive engine.
  • The former Wall Street maven says US stocks are overdue for a correction.
  • The US dollar rally, fomented by the Fed rate hike policies, could jeopardize the global equity market advance.
  • Arch Crawford, head of Crawford Perspectives, is sticking with his dire prognostication for the rest of 2015.
  • The stock market could face severe consequences, amid market manipulation.
  • The M2 money supply velocity figure has collapsed to the lowest level on record, since first tabulated in 1959, suggesting that the trillions in Fed debt purchases has done little to stimulate economic output.
  • Institutions are simply parking cash in less risky investments amid severe market manipulation (Figure 1.1.).
  • Given the ominous "death cross" seen in the non-confirmation of the transports sector relative to new highs in the Dow Jones Industrials.
  • Arch says the market top is in place and no new highs are likely.
  • His prediction is dire, modern civilization hangs in the balance as a Kondratiev Winter-like scenario leads to the end of most financial markets.
  • At the root of the systematic problem is the fractional banking system, which prints money into existence at will with limited to zero oversight.
  • Nevertheless, cooler heads may prevail - the host shares his market ontology, coining the pun, "blog-o-fear," a play on blog-o-sphere, as fear sells and far too many pundits are making bearish calls.
  • Most market peaks are accompanied by euphoria and or complacency.

Show Host
Chris Waltzek:
About Chris
Contact Host:

Please listen here:
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MP3
FAST Download:
Highest Quality Download:
Right Click Above and "Save Target As..." to download. To learn more about software needed to play the above formats, please visit the FAQ.

NEW - Hotline - Q&A:
1-206-666-5370
http://silverinvestor.blogspot.com/